Job prospects brighten on the Balearics

THE Balearic Island’s unemployment rate has decreased by 12.4 per cent in March, marking its biggest drop since 1999.

The islands registered a total of 75,091 unemployed people in the third month of 2015, which meant 29 consecutive months of reductions since October of 2012, according to the data released by the Employment and Social Security Ministry.

There were 10,627 fewer residents out of work in March of 2014 than the same month of the present year.

In addition, unemployment has also gone down if compared with the previous month, with 5,204 fewer jobless residents, a 6.48 per cent decrease.

These figures have placed the Balearic Islands as the Spanish autonomous community with the highest decrease in the monthly unemployment rate in Spain, and the region with the second highest annual decrease, after Cantabria.